In deciding not to review a Fifth Circuit Court of Appeals decision, the U.S. Supreme Court let stand a lower court ruling that found the Texas Right of First Refusal law is unconstitutional. The case was Lake vs. NextEra Energy and the Supreme Court decided not to grant certiorari, which means the Justices agreed …
December 2023 archive
Before you imitate Clark Griswold, OGE has some Christmas lighting safety tips
Okay, maybe you won’t light up your house at Christmas like Clark Griswold in the movie “Christmas Vacation.” But Oklahoma Gas and Electric Company is out with some electrical safety tips for those who untangle their lights and crawl around the roof of their home. Check your lights for frayed cords, cracked sockets or …
Oil and gas revenue to create massive surplus for New Mexico government
Despite having what critics call a “Green mob” governor in Michelle Lujan Grisham and an administration that fights oil and gas, New Mexico is about to score a $3.5 billion general fund surplus thanks to the oil and gas wells pumping in the state. A new forecast issued this week explained how New Mexico’s …
Fastest growing occupation in the US? Wind farm technician
It’s called America’s fastest-growing occupation—that of being a wind farm technician. Someone has to maintain those wind farm towers that perch across Oklahoma’s landscape and that of other states. The pay is great—up to $103,000 a year and doesn’t require a college degree. But it means being in good physical shape and being strong …
Permian Basin deals in 2023 totaled more than $100 billion
Some of those acquisitions by Oklahoma energy companies involving the Permian Basin helped push mergers and purchases in the Basin to more than $100 billion this year. It’s according to consultancy Wood Mackenzie, which released a report that totaled the value of all the acquisitions. The list included this week’s proposed $60 billion acquisition …
Energy quick reads
** U.S. Senator John Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources (ENR), applauded the U.S. House of Representatives for passing by voice vote H.R.1042, companion legislation to S. 763, a bipartisan bill introduced by Barrasso to prohibit U.S. imports of Russian uranium. ** A House panel subpoenaed The Vanguard Group and …
Moderate gains recorded in crude oil prices but one OK energy stock soared in day’s trading
As crude oil prices recorded slight gains in Monday’s trading, some Oklahoma energy stocks made significant gains, including a Tulsa energy company with a 15% jump for the day. Gains in crude prices came as OPEC+ production cuts didn’t offset worries around crude oversupply in the coming year. The slight gains came after both rose …
AAA predicts near record Christmas holiday travel
Excluding old St. Nick who will travel untold millions of miles on Christmas Eve, AAA predicts 115.2 million travelers will head 50 miles or more from home over the approaching Christmas holiday travel period. It represents a 2.2% increase over last year and is also the second highest year-end travel forecasst since 2000 when …
Quick reads
** Occidental Petroleum stock was declining Monday after the oil company announced it will acquire energy producer CrownRock in a deal valued at $12 billion. Occidental said Monday that the acquisition will help increase the company’s position in the Midland Basin, and will add 170,000 barrels of oil per day to the company’s production. The Midland …
USDA accused of using woke standards to hand out farm disaster payments
Some members of Oklahoma’ s U.S. House and Senate delegation are speaking out against how the USDA is handing out funds to farmers and ranchers in the Emergency Relief Program. They’re suggesting USDA Secretary Tom Vilsack and his agency are invoking woke privileges for some of the recipients of the funds. “Farm policy must …